Ford Motor Company

Auto/Economy
12:15 pm
Mon May 9, 2011

Officials investigate fuel tank problem on F-150s

The National Highway Traffic Safety Administration is looking at Ford F-150s from the 1997 through 2001 model years. It's investigating a fuel tank problem that could affect more than 2.7 million pickup trucks.
user cogdogblog Flickr

The government is investigating the safety of some Ford F-150 trucks.

From the Associated Press:

U.S. safety regulators are investigating a fuel tank problem that could affect more than 2.7 million Ford F-150 pickup trucks.

The National Highway Traffic Safety Administration says on its website that the steel straps holding up the gas tank can rust and break, possibly causing a fuel spill and fire.

The agency says it is looking into trucks from the 1997 through 2001 model years. The F-150 is the top-selling vehicle in the U.S.

NHTSA says there are 243 reports of the tanks falling and causing two fires. No injuries have been reported.

The agency began looking at the problem last year when it had received 32 complaints.

Ford says it's cooperating with the investigation. Anyone with concerns should contact their dealer.

Commentary
9:12 am
Wed April 27, 2011

A Royal Family for Michigan?

  • Audio processing, please check back momentarily.

Earlier this week, I was talking with a battle-hardened senior TV producer in her fifties who I don‘t think of as a romantic.

“I have to cancel a meeting Thursday night,” she told me. “I have to be up by 4:30 on Friday.”

“Are you catching an early flight?” I asked. “No.” she said. “I have to watch the royal wedding.”

Thanks to the time difference, monarchical devotees who want to watch Prince William and Kate Middleton exchange vows live will have to rise before dawn.

I was impressed by that, and remember thirty years ago, when a similar wave of pan-royal excitement swept our nation when Charles and Diana were married. And then suddenly I realized that we’ve been sitting on a solution to a lot of our problems, both in this state and the nation. We need a royal family, and we’ve got the perfect candidate right here in Michigan.

I’m being perfectly serious.

Read more
Auto/Economy
9:56 pm
Tue April 26, 2011

Ford making money but challenges ahead

Ford announced its biggest first quarter profit since 1998.  The company made 2.6 billion dollars, and predicts it will remain profitable for the rest of the year despite some economic headwinds. 

But Ford also faces some unique challenges if it wants to keep growing.

Company CEO Alan Mulally likes to joke about the “small home improvement loan” of $23-billion the company took out in 2006.   That money paid for the company to improve its products and avoid bankruptcy. 

Read more
Auto/Economy
11:34 am
Tue April 26, 2011

Ford makes out big in the first quarter

In the first three months of the year, Ford made $2.5 billion.
Marcus Wong Flickr

Ford Motor Company announced a profit of more than $2.5 billion in the first three months of the year.

That's the company's best quarterly performance since 1998.

Ford CEO Alan Mulally expects the rest of 2011 to be profitable as well - despite some headwinds like low U.S. consumer confidence and rising commodity and gas prices:

"Even though it's a slower recovery and the fuel prices are moving up, the demand is there and we are really pleased to have the product line that the consumers really do want and value."

Mulally says he's  optimistic that car sales will continue improving:

"In the automobile industry, the pentup demand is tremendous, you know the average age of car ownership is over ten years now."

Mulally says Ford also improved its balance sheet by reducing its debt by another $2.5 billion in the first quarter.

Ford took out a huge loan in 2006 before the recession.  That loan enabled the company to improve its cars during the economic downturn and avoid bankruptcy.

Since last year, the company has paid off $17 billion of debt.

Politics
9:26 am
Tue April 26, 2011

In this morning's news...

user brother o'mara Flickr

State seeks concessions from unionized corrections workers

In these austere times, governments large and small are seeking to save money by getting union workers to reduce the benefits and/or wages.

The State of Michigan is seeking $95 million in concessions from those unionized employees who work in state prisons.

From the Associated Press:

The amount requested from the Michigan Corrections Organization represents more than half of the $180 million in concessions Gov. Rick Snyder wants from state employees in the budget year that starts Oct. 1, The Lansing State Journal reported Monday.

The union's members make up about 16 percent of the state's work force, but are being asked to make 53 percent of concessions. Michigan Corrections Organization executive director Mel Grieshaber criticized the state's actions.

"We are in sticker shock right now," he told the newspaper. "It's not fair. Our membership is angry about it. . . . It's very offensive. You won't find a more dangerous job in state government."

Kurt Weiss, A spokesman for the Office of the State Employer, the agency that oversees all collective bargaining negotiations for the state, said the Department of Corrections is the "only major state department in which employees are solely funded by the general fund," and Governor Snyder is trying to close a $1.4 billion dollar budget gap in the general fund.

Ford Motor Company has a solid first quarter

Ford announced is best first quarter earnings since 1998. According to the Detroit News, the first quarter earnings were...

$2.6 billion, or 61 cents per share.

The results, an increase of $466 million over the first quarter of 2010, far exceeded analysts' expectations of about 50 cents per share.

Operating profit of $2.8 billion was the strongest for a first-quarter since 2004 and $2.1 billion of that was from automotive operations as consumers continue to embrace the automaker's vehicles, which include new and fuel efficient models. Total revenue was $33.1 billion, up $5 billion from the same period in 2010.

"Our team delivered a great quarter, with solid growth and improvements in all regions," Chief Executive Alan Mulally said.

And unlike the gas price spike in 2008, Ford Motor Company and the other domestic automakers are much more prepared for the current price spike with more choices for smaller, fuel efficient cars... 

Michigan's average gas price above $4 per gallon

It hasn't happened since 2008. That was the year gas prices shot up and consumers started looking for smaller cars. AAA Michigan says the statewide average for gasoline is $4.04.

From the Associated Press:

The auto club says Tuesday that prices for self-serve unleaded fuel rose 6 cents per gallon since Monday to a statewide average of $4.04. That's $1.20 per gallon higher than last year at this time. AAA Michigan says the last time the average hit $4 was Sept. 19, 2008, when it was $4.03 per gallon.

Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily. It typically releases its gas prices report each Monday. But the auto club says it decided to put out a special edition of its gas prices report Tuesday because the average topped $4 a gallon.

Politics
5:16 pm
Thu March 17, 2011

Union workers boo governor at Ford event

Ford asembly line workers Jerome Harris Sr., left, and Bille Rowe were among those who wore red T-shirts in solidarity with other Midwest union members.
Sarah Hulett Michigan Radio

Governor Rick Snyder was greeted with boos at an event to celebrate the launch of the new Ford Focus today.

Workers at Ford’s Michigan Assembly Plant wore red T-shirts to show their solidarity with union workers whose collective bargaining rights are threatened.

Snyder says he wasn’t rattled by the reception.

"I respect people for having differing opinions, particularly when you’re talking about fundamental change."

Read more
Auto
3:22 pm
Mon March 7, 2011

Do high gas prices mean high times ahead for high mileage cars?

Ford Focus
(Ford Motor Company)

Rising gasoline prices are apparently spurring interest among car buyers in smaller, more fuel efficient vehicles. Gas prices in Michigan are hovering around $3.50 a gallon. In California, the average price for a gallon of gas is nearly $4. 

George Peterson is the president of Auto-Pacific, an automotive marketing research firm. He says gas prices are helping boost interest in small cars. 

“There’s a tremendous amount of interest, especially with the new small cars on the road that are very, very good.  The Hyundai Elantra, the Ford Focus, the Chevrolet Volt, the Chevrolet Cruze, the upcoming Honda Civic.  All of those are very fuel efficient.  Very good small cars.”  

Still, Peterson says  SUVs remain the leading segment in the auto sales market.

“The largest segment of vehicles still selling is Sport Utility Vehicle.  Now most of those are cross-over SUVs.  So they’re much more fuel efficient than the old gas hog SUVs that we had before.   If you think about sales, SUVs are king, followed by small cars, followed by mid-sized cars.”   

Peterson says the last time gas prices spiked over $4 a gallon, many drivers traded in gas guzzling SUV’s for smaller, more fuel efficient cars. But, he says many of those drivers expressed buyers’ remorse, after missing their larger, more powerful rides.

Auto/Economy
11:32 am
Mon February 21, 2011

A small car gets big results for global safety

Ford's global small car, the Ford Fiesta, has received the equivalent of a five-star safety rating in virtually all the regions of the world in which it is sold - China, New Zealand, Australia, Europe, and the United States.   The subcompact car also received a "Top Safety Pick" award from the Insurance Institute for Highway Safety, which nonetheless warns drivers that in general, larger vehicles are safer vehicles.   

Auto/Economy
6:10 pm
Mon February 14, 2011

GM, Ford share profits with UAW before contract talks start

General Motors factory workers will get a record amount in profit-sharing checks this year.  The automaker's 48,000 UAW hourly workers will get at least $4,000.  That's more than twice the company's previous record for hourly worker profit-sharing  - $1,775 in 1999.

Read more
News Roundup
10:29 am
Mon February 7, 2011

In this morning's news...

Police in Detroit

Detroit Mayor Dave Bing is expected to reveal his plan for getting police officials to live in Detroit this morning. As Michigan Radio's Sarah Hulett reports:

Detroit had a residency requirement until 1999, when the state Legislature outlawed it. Now more than half the officers on the police force live outside the city limits. Mayor Bing has said he believes neighborhoods are safer when the cops who patrol them live there too.

Not all police officials agree with Mayor Bing and say they can live outside city limits and still be effective for the residents of Detroit.

Michigan Radio's Sarah Cwiek will have more Mayor Bing's proposal later today.

A replacement for the Michigan State Fair?

The Michigan State Fair was canceled in 2009 after budget cuts and declining attendance. Now the Associated Press is reporting that another cast aside in Michigan might fill the gap.

The AP reports that the "Great Lakes Agricultural Fair" would be held in and around the Pontiac Silverdome and would be run without any state funding. From the AP:

Oakland County Executive L. Brooks Patterson and U.S. Rep. Gary Peters are expected to be among those on hand Monday to unveil plans for the Great Lakes Agricultural Fair…The annual festival would feature a farm market, live animals and musical performances.

Ford to increase production

If the amount of Super Bowl ads from car makers didn't clue you in, here's another sign that automakers are expecting much better sales this year. The Detroit Free Press reports that Ford Motor Company plans to boost factory production in the U.S.:

Ford Motor Co. says it will increase U.S. factory production by 13% in the first quarter due to higher sales. Ken Czubay, vice president of U.S. sales, says Ford is studying additional shifts at plants that are now running on overtime. The Dearborn-based automaker said retail sales to individual buyers rose 27% in January. Global marketing chief Jim Farley said to expect further increases through the year.

Auto Recall
5:49 pm
Thu February 3, 2011

Ford recalls 365,000 F-150 pickup trucks

Ford Motor Company is recalling more than 350,000 pickup trucks
Toolshed4 Flickr

Ford Motor Company is recalling nearly 365,000 F-150 pickup trucks in Canada, the U.S. and Mexico. The problem is faulty door handles that could lead to the doors flying open in a crash.

The F-150 is the best-selling vehicle in the U.S. Most of the recalled trucks were made in the 2009 and 2010 model years.

The National Highway Traffic Safety Administration says a spring in the interior door handle can break, which means the door may not latch properly. So the door could potentially fling open if the truck is hit on the side.

Ford says there have been no crashes or injuries tied to the problem. Ford is also dealing with a large and expensive recall of nearly 600-000 older model Windstar minivans. That one is for corrosion in the axles that could cause the axles to break.

Auto/Economy
2:24 pm
Thu February 3, 2011

Auto workers get bonus checks

Ford's Rouge River truck plant
Jeff Wilcox Flickr

Detroit automakers are preparing to send bonuses to workers around the region. Even some temporary workers will get a share of growing profits.
Terri Houldieson is technically a temp worker, or a "long-term supplemental employee." But she’ll still get a piece of Ford’s $6.6 billion profit from last year.

Workers like Houldieson should receive, on average, about $2,000 each compared to the $5,000 for regular employees.

"We’ve all put work in and it just shows that they respect us too. Kind of like a pat on the back," says Houldieson.

Ford employs a couple thousand long term temps and most work at assembly plants in Chicago and the Twin Cities.

Houldieson said she’ll buy some new clothes for her two boys, and maybe some expensive shoes to protect her feet during those long hours at the plant.

Auto Earnings
7:23 am
Fri January 28, 2011

Ford announces highest profit in more than a decade

Ford announced this morning that it had made its highest profit in more than a decade
Tooshed4 Flickr

Ford Motor Company announced this morning that it had its best annual performance in more than a decade. Ford earned $6.6 billion last year as sales jumped by 20 percent. Revenues rose 3 percent to almost $121 billion.


UPDATED:  11:40 a.m.  Ford CEO Alan Mulally says salaried and hourly workers will share in the good news in the form of profit-sharing checks.  Hourly workers will get average payments of $5,000.



"To be able to share the wonderful work, the wonderful success of this, with everybody's that's worked on quality, on fuel efficiency, on safety -- it's a tremendous day for all of us," says Mulally.


Ford made $7.2 billion dollars in 1999, but it sold nearly twice the number of vehicles to get that result compared to 2010.  Mulally says the company is benefiting from what he calls a "home improvement loan" of $23-billion, taken out in 2006, that financed the company's effort to slash operating costs and improve quality.



"You think about back then (1999) and now, this is a complete transformation of Ford," he says.


Mulally says the biggest challenge this year is not specifically a Ford problem.  He says the U.S. needs to exercise sound fiscal policy so the economy continues to recover.


Ford Motor Company is forecasting higher profits in 2011 than 2010. 


The company's stock dropped Friday morning, however, as investors reacted to Ford's fourth quarter results.  The company's profits were lower than expected because of costs associated with restructuring some debt.


Mulally says the company has made swift progress in paying off that "home improvement loan."  Debt was reduced 43% in 2010.


Auto
2:09 pm
Fri January 14, 2011

Auto Week's "Best in Show" at the Detroit Auto Show

The Porsche 918 RSR concept, named "Best in Show" by the editors of AutoWeek.
Roger Hart Auto Week

Editors at Auto Week perused the offerings at the 2011 North American International Auto Show and named their top picks.

Executive Editor of Auto Week, Roger Hart, said the show had more than two dozen new models on display, and most had one thing in common:

 "There were no fancy, pie-in-the-sky, dreamlike concept cars. Nearly everything billed as a concept looked as if you could buy one tomorrow at your local dealership and drive it home."

Here are their picks:

BEST IN SHOW: Porsche 918 RSR Concept

Read more
Auto/Economy
4:43 pm
Thu January 13, 2011

Report: Profit-sharing checks coming to Ford and GM workers

GM plans to issue profit-sharing checks to workers, the NYT reports.
Steve Carmody Michigan Radio

At the Detroit International Auto Show, domestic automakers are celebrating a comeback of their industry. GM and Ford both saw profits last year, and the car makers are expecting a good year this year.

As more proof of the comeback, Bill Vlasic and Nick Bunkley report in the New York Times about profit-sharing checks that are expected to go to GM and Ford workers:

The two big Detroit carmakers will announce profit-sharing checks this month for their hourly workers, perhaps the largest in a decade, company officials and industry analysts say.

The checks are expected to top out at $5,000 at Ford, less at GM.

They report these checks "would be the biggest payout since the $8,000 checks that Ford handed out in 2000." Chrysler, the report says, is not expected to issue bonus checks this year.

Auto/Economy
12:54 pm
Tue January 11, 2011

"Back to business" theme at Detroit auto show

A Hyundai Veloster displayed at the 2011 North American International Auto Show in Detroit
Sarah Cwiek Michigan Radio

The 2011 North American International Auto Show is in a decidedly upbeat mood.

After two years of somber shows, automakers are rolling out new products and showcasing an unusual level of variety and innovation. And they're bullish about how consumers will respond to all those new choices.

Chrysler might be the poster child for the resurgent feeling at this year’s show.

Last year, the automaker barely had a presence, and Chrysler Brand President Olivier Francois remembered how that felt.

Read more
Auto/Economy
1:07 pm
Mon January 10, 2011

Ford goes small and electric with its "C-segment" vehicles

Ford Motor Company, Executive Chairman Bill Ford charges the Ford Focus Electric during the vehicle's reveal in New York City, Friday, Jan. 7, 2011.
Ford Motor Company

Not to be outdone by GM and Nissan, Ford Motor Company says it is delivering on a promise to make more small, fuel-efficient cars for consumers.

At the North American International Auto Show today, the company is showcasing 10 new "C-segment" cars. The company says the vehicles are "fuel efficient smaller cars that people really want."

Read more
Detroit Auto Show
12:30 pm
Mon January 10, 2011

Chevy Volt, Ford Explorer win NAIAS awards

The Chevy Volt wins "Car of the Year"
Charles Manley Michigan Radio

Update 11:33 a.m.:

Here's a video of Carl Brower, editor-at-large of Edmunds.com talking about the Chevy Volt winning the "Car of the Year Award."

Update: 10:11 a.m.:

Michigan Radio's Steve Carmody spoke with Edmunds.com editor-at-large, Carl Brower. Brower headed the jury of auto industry journalists who picked the Volt. Brower said:

"I think the Volt represents not only a break from traditional drive train technology, but a break from the manufacturing image. It's a hybrid plus. It's beyond a hybrid. And I don't know how many people would have believed that a big domestic auto maker like GM could pull this off a few years ago."

8:23 a.m.:

It's just been announced that the Chevrolet Volt has won the 2011 North American Car of the Year at the North American International Auto Show.  The Ford Explorer won truck of the year. The awards were announced this morning.

The Associated Press reports:

Finalists for the car award were the Volt, Hyundai Sonata and Nissan Leaf. Truck finalists were the Dodge Durango, the Explorer and Jeep Grand Cherokee. Forty-nine auto journalists from the U.S. and Canada made the picks. The vehicles are judged on innovation, design, safety, handling, driver satisfaction and value.

The NAIAS opened this morning for media previews.  The show is open to the public on Saturday and runs through January 23rd.

Auto/Economy
11:17 am
Mon January 10, 2011

Report: Ford to hire more workers

The Wall Street Journal and the Detroit Free Press are reporting that Ford plans to announce the creation of 7,000 more jobs at today's auto show. From the Wall Street Journal:

Ford Motor Co. on Monday is expected to announce it will hire 7,000 workers in the U.S. over the next two years, according to a person familiar with the matter. Ford President of the Americas Mark Fields is expected to confirm the news at the auto maker's presentation before the North American International Auto Show in Detroit, this person said.

Read more
Auto
9:41 pm
Wed January 5, 2011

Ford Catching Up To Toyota In Quality - And Perception of Quality

Another survey, another big improvement for Ford Motor Company.

Consumer Reports says its subscribers ranked Ford second only to Toyota as the best brand this year.  It’s a notable reversal of fortunes for both companies.

According to Consumers Reports, subscribing car owners perceive the Ford brand as nearly equal to the Toyota brand, and on the key factors of safety, quality and value, they rank Ford better than Toyota.  

Ford also was rated best non-luxury brand in a recent J.D. Power survey on initial quality. 

"This was long-term planning that is now paying off," says Jesse Toprak, an analyst with TrueCar.com.

Read more

Pages